There's been quite a bit of chatter, from news sources to social media, about the potential for a hike in interest rates. Since the Great Recession that began in 2008, the Federal Reserve has vowed to keep overarching interest rates low until the ...
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4 Good Reasons Why Some Quarters Are Painted Red
Every once in awhile I'll come across something a bit arcane that will catch my eye and really make me wonder.
For example, consider the pattern on the back of this cat:
I know. I can't believe it either.
I'll never forget the time I ...
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100 Words On: Why a Penny Saved Is More Than a Penny Earned
I think it was the Quaker Oats guy who famously declared that a penny saved is a penny earned. However, because of taxes, a penny saved is actually worth more than a penny earned. To illustrate, if you happen to be in the 10% tax bracket, every taxed ...
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How Do I Get Prequalified for a Mortgage?
Readers: This is article 24 of 25 from my no-nonsense "Mortgage Basics" quick-reference series.
The difference between being prequalified or preapproved for a home loan can be a critical factor in determining whether or not you'll get the home of ...
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How Do I Get Preapproved for a Mortgage?
Readers: This is the final article in my 25-part no-nonsense "Mortgage Basics" quick-reference series. I hope you found the series to be informative.
The difference between being prequalified or preapproved for a home loan can be a critical factor ...
Continue reading How Do I Get Preapproved for a Mortgage?
Why Getting Cash During the Next Crisis May Be Impossible
As time goes on, it will become increasingly more difficult to get your cash out of the financial system. There are several reasons for this:
Photo Credit: stock photo ...
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3 Surefire Tips for Getting Your Mortgage Loan Approved
Buying a home is a significant financial investment and it could be potentially stressful because of the long processes involved.
Getting your dream house is often a major hassle in itself -- sometimes you'll find a house you love but it won't be ...
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Is It Better to Be Prequalified or Preapproved for a Mortgage?
Readers: This is article 23 of 25 from my no-nonsense "Mortgage Basics" quick-reference series.
The difference between being prequalified or preapproved for a home loan can be a critical factor in determining whether or not you'll get the home of ...
Continue reading Is It Better to Be Prequalified or Preapproved for a Mortgage?
101 Slang Terms for Money
In 1737, Benjamin Franklin published The Drinker's Dictionary, a long list of over 200 alternative terms and phrases for being drunk.
As far as I know, old Ben never published a similar list of synonyms for money -- which I find to be curious when ...
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Why Banks Don’t Care About Inflation
Because lending money costs a bank absolutely nothing, banks are fundamentally unlike any other business in some ways.
Yes, lending money costs the banks nothing. Think about it: Thanks to fractional reserve banking, the banks get to create the ...
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Why the New Face of Money Management Is Making Walk-in Banks Obsolete
Due to advancements in technology, the ever-growing mobile trend, and society's desire for convenience, the face of money management is evolving. In the past, everything was done manually and was centered on brick-and-mortar banking institutions. ...
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The Pros and Cons of 7 Popular Student Loan Refinancing Options
It's a sad reality that most students cannot graduate from a four-year university without being saddled with thousands of dollars of debt. And if you choose to stick with your standard loan repayment plan without looking into other options, you could ...
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3 Things People Pay For That Cost More Than They Should
No matter how thrifty you think you are, the truth is, most people are constantly spending money; it's just part of being an adult. And if you have any level of property or responsibility at all, you have operating costs and overhead, just like a ...
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Economic Collapse 101: What Causes a Currency Crisis?
When a speculative attack occurs in the foreign exchange value of a currency, it results in a sudden sharp depreciation, which is known as a currency crisis. These crises can have large measurable costs on an economy, as we saw during the global ...
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8 Payday Loan Alternatives That Loan Sharks Don’t Want You to Know
When you examine the numbers, it's difficult to deny that payday loans are detrimental to your finances. Payday loans affect real people with real families who are unable to make ends meet. So, out of desperation, they often turn to what is probably ...
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18 Amazing Facts You Didn’t Know About the ATM Machine
How many of these amazing facts did you know about automated bank teller machines?
1. Believe it or not, the first cash dispensing machine was invented by Luther George Simjian way back in 1939. The mechanical dispenser was installed on a trial ...
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How to Handle a Partnership with a Foreign Business
So, you're looking to break into an international market? There are numerous reasons why you may wish to choose a partnership with a foreign business in order to expand your own company. There are also a great many things that you'll need to think ...
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Infographic: A Quick Lesson on How Currency Moves
The movement of currency is a complex cycle that involves a number of different entities. It begins at federal facilities throughout the United States and follows an intricate path that takes it through banks, consumers, and businesses before the ...
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What Will Happen If Everyone Pulls Their Money from the Bank Today
I am a big follower of Mike Maloney. He is the man responsible for opening my eyes and helping me understand just how our monetary and financial systems really work -- and for that I will be forever grateful.
Last month, he put out a brief video ...
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Why Service Industry, Banking, and Government Jobs Don’t Create Wealth
The high living standard that people enjoy in America -- and the rest of the world, for that matter -- is a result of the hard-earned work performed by our forefathers; most of them spent a lifetime of blood, sweat and tears, creating the wealth that ...
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